Term Definitions

Deductible

The amount you pay for covered healthcare services before your insurance plan starts to pay.

Copayment

A fixed amount you pay for a covered healthcare service after you pay your deductible.

Coinsurance

The percentage of costs of a covered healthcare service you pay after you have paid your deductible.

Out-of-Network

A healthcare provider does not have a contract with your health insurance plan provider. This may result in higher prices.